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Dec 6, 2012 8:00am PST
the national debt and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for their legal licenses in seattle. by the way, the ceremony of those elderly ladies like many others will take place this sunday. ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. [ female announcer ] holiday cookies are
Dec 7, 2012 11:00pm PST
the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. it
FOX News
Dec 8, 2012 3:00am PST
in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading reports th
FOX News
Dec 6, 2012 3:00am PST
should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on brands you want. walmart. >> you hear about this? mike tyson says in 1998 he found brad pitt in bed with his ex-wife, robin givens. of course, pitt has evidence to refute that. the fact that he still has b
Dec 11, 2012 8:00pm EST
, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defense, which is one of the major expenditure items but that's not the subject for tonight. tonight, the subject is medicare and medicaid. the medicare program is a big one and it certainly is a program that's expensive and is a program that has grown on the average faster than inflation. but in the last two years, that's not the case. and we'll discuss that in more detail later. in fact, medicare has fallen below the general rate of health care inflation. let's talk about what we can do about medicare instead of saying what we ought not do, we are going to start this discussion talking about what we can do and the president has put out several ideas that deserve the attention of the 435 members of this house and the 100 senators. because there are things that really can be done immediately to significantly reduce the cost of medicare. just in listening to my colleagues here on the floor discuss the departure of some extraordinary members f
Dec 6, 2012 4:00am PST
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
Dec 6, 2012 5:00pm EST
there's extreme worry about the fiscal cliff. i'm peggy fox. coming up what county leaders are doing to try to stop it. >> reporter: i'm kristin fisher in a maintenance yard for the national park service where a group of 5th graders are learning everything that goes into planning for a presidential inauguration. do they have what it takes? find out coming up. >> and you know, redskins fans are not the only ones in love with rg3. his opponents are in awe, as they should be. we'll hear what ravens head coach john harbaugh is afraid of. wo up with ts horrle sh on right sid iense burni sensaon sd, you hadhickenxe, en yosa, yes, i d.irl. d't think ybody er thinks th're goi get shings. but itappeneto me. r re of the side sry, visit shinesinfoom >>> this sunday will mark the first time in four years the redskins and ravens face off in the regular season. this time there's a whole lot on the line. baltimore is just one win from clinching a playoffs spot while rg3 has the redskins back in the hunt for the postseason. recently i sat down with ravens head coach john harbaugh and the burgund
Dec 6, 2012 12:00pm EST
're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend. we'll be back next week, and i ask for the american public to weigh in, to think about the fact that this hidden process is hurting our ability to address the biggest issues in america. i ask my colleagues to wrestle with that. and, mr. president, it is my hope that folks will hold those conversations with the public back home. i have done so in every county of my state, through my town halls. i hold one in every county every year. i have raised this issue of whether or not when folks vote for debate they should be required to debate, they should be required to make their case, not to kill bills in the dark of nigh
Dec 10, 2012 1:00pm PST
like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this, certainly hard to see why you would stay away, especially in a state like michigan. but i think what we are seeing is the president applying pressure to the republicans and looking for wedges. one of the wedges we're going to see is the republicans who feel more strongly about the income tax versus republicans who feel more strongly about the capital gains tax. the president may offer different kind of concession, to those two groups. >> the criticism he's getting is instead of going out there and ka paining in michigan and elsewhere, bring these republicans over to the white house, get in a room, work out this deal this week as opposed to next week and resolve it so the country doesn't go over the fiscal cliff. >> where's congress right now? they're home. where's congress most of the time? a
FOX News
Dec 10, 2012 6:00am PST
happens with the fiscal cliff. that is coming. what it will cost you. bill: hello, old man winter. he is out there and he is acoming. a major blizzard raging across the midwest bringing record levels of snow. it is de10th, right? martha: it is time. bill: so who is next? ♪ . martha: old man winter, a major storm is pounding parts of the upper midwest, unleashing record levels of snowfall. that's a lot out there. high winds, frigid air. minnesota of course very used to this kind of weather this time of year but even this is really out of the ordinary. reporter tom halden with our minneapolis affiliate ksft. he is driving, i don't know if i recommend that. there he is. he is out of the car. how bad is it out there? >> reporter: well, martha, it is really cold. we have been driving around the twin city roads this morning. we've been streaming and thought, you know what? it is 12 degrees. we have a full foot of snow on the ground. the kids are out of school, a lot of them, why not hop out of the car and let you guys know that winter finally arrived here. you know what? this is normal ki
Dec 7, 2012 11:00am PST
to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives have a bill that would ext
Dec 5, 2012 6:30pm EST
cliff from a local congressman coming up. >> > >> >> pelley: finally tonight, dave brubeck was a jazz pioneer who kept his own kind of time. as a pianist and compose ever, he challenged the standard musical cadence with exotic rhythms and styles. brubeck, who would have turned 92 tomorrow, died today. anthony mason takes time out to remember his work. >> reporter: dave brubeck's music was a defining sound of jazz clubs in the '50s and '60s. a "time" magazine cover story in 1954 described him as a wigging cat with a far out wail. >> are there any rules for improvisation? >> you bet your life there are and the rules in jazz would just scare you to death. >> reporter: the son of a california cattle rancher and classically trained pianist, brubeck had a natural ear for melodies. at home in connecticut in 1961 he told walter cronkite -- >> it's like a baseball player or any athlete. he's only good when he instinctively does the right thing. the dave brubeck quartet's signature tune "tyke five" appeared on their landmark album "time out." released in 1959, it was the first jazz album to sel
Dec 7, 2012 1:00pm PST
, he was putting pressure on lawmakers to come to an agreement to avoid the fiscal cliff. it was yet another white house effort to rally support around its approach to the fiscal cliff. joe biden sitting down with seven middle class americans worried about their taxes going up. >> these are hard working, serious americans who are playing by the rules, doing it all right, and struggling already in this economy. >> reporter: jobs numbers, proof the administration says that the president's economic policies are paying off. >> you see it in the retail industry, you see it in transportation. you see it in health care. and you see it in other sectors. you do see a continued movement that continues to show some positive growth. >> reporter: while cautioning the nation's economy is far from a full recovery, administration officials emphasize positive growth, suggesting it puts them in a stronger negotiating position with republicans. one senior administration official told cnn, quote, we shouldn't muck it up by raising taxes on the middle class or playing chicken with the debt ceiling. but o
Dec 7, 2012 2:00am EST
't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably is, but frankly chris christie is looking out for his own political future and it's his only option. new jersey is in a very tight fiscal situation because they have a balanced budget requirement. they can't run deficits the way the federal government can, and this has a huge impact on the state economy. frankly, i think you see more situations in which republican governors are going to be pitted against the republicans in congress because those governors, for example, they want that medicaid money to keep
Dec 11, 2012 2:00am PST
. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the negotiations are continuing, zoraida. exactly what those negotiations contain, what's actually happening in them, we're unclear of. so we know that president obama and house speaker john boehner had that one-on-one meeting on sunday, it was their first since mid-november. discussions have continued but, again, very light on details. both sides yesterday put out statements from a public and then from the white house. very light on details. i'll read just one of them for you. quote, discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to w
Dec 6, 2012 6:00am PST
will push back on president obama's demand for tax hikes on the rich when it comes to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an
Dec 6, 2012 7:00am EST
of the u.s. are solid, despite the fiscal cliff concerns coming out of washington. she says stocks could get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not face to face. house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could,
Dec 12, 2012 1:00am EST
families hostage to bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to rise on the wealthiest. yesterday, it was parker and coburn. today, florida governor haley barbour. he said, "i would take raising rates on the top brackets if, in return, we had tax return." he wants the rates to go up on the top two brackets. as soon as republicans accept reality, middle-class families taxes will not go up. i am confident an agreement can be reached. >> [indiscernible] placeholders and cloture motions? some republicans are saying this is restricting the amendment process, and part of the reason they are threatening to filibuster. why have you chosen to pursues those -- pursue those practices? >> i have explained before, but let me give an example. we have to spend 8 to 10 senate days, a couple of weeks, to get on a bill, because they virtually oppose every time we try to get a bill. that with 10 days. with that 10 days, if we did no
Dec 6, 2012 1:00pm PST
. >> the president has known about the so-called fiscal cliff for a year but has yet to come up with a plan that actually reduces our deficit. i'm willing to work with anyone to put a plan on the table, but we're not willing to negotiate with someone who hasn't put a plan on the table. the president has not put a serious plan on the table. >> as far as a compromise on the marginal tax rate 35% going up let's say 36% or 37%, is that acceptable? >> no. no. because marginal tax rate increases if there is any increase in revenue, just gives them more to play with on capitol hill and more to spend. when we talk about fairness, when the top 2%, the $250,000 and above are already paying 45% of total income tax, that's a big question of fairness there too. >> who should nicki haley name to replace you? >> i talk today her today. i share the same philosophy, the conservative philosophy. i told her i trust her decision and i'm not going to push her one way or another. >> a lot of speculation, congressman scott? >> he's a wonderful person. our whole delegation is really strong. she's got a tough choic
Dec 7, 2012 9:00am EST
and that there is a significant downward correction to come? >> the biggest risk is fiscal cliff. it is a weak fourth quarter. we could have a much better year if we choose to avert the fiscal cliff and move toward credible deficit reduction. if we don't, i think that's the real critical bet is will we get there or not? >> good to see you both. have a great weekend. thank you very much. >>> simon mentioned we're going to get exclusive reaction to today's job report from goldman sachs chief economist jan hatzius straight ahead. >> who better to sit down and talk with than whirlpool. >> announcer: the number is out. >> november nonfarm payrolls increased by 146,000 jobs. >> announcer: were you able to nail the number? if so, you may be the winner of this picture frame signed by the "squawk on the street" gang. find out if it was you later on "squawk on the street." if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a
FOX News
Dec 9, 2012 8:00am PST
up, the looming fiscal cliff. you know, it's part of our nation's financial problem. but what about the spenning? how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces cter a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i am sure it will be difficult to move on. but i am sure they will bounce back and be able to come around. s my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> jamie: another sad story out of the,r of the nfl. a member of the dallas cowboys is facing manslaughter. josh brent was allegedly drunk and speeding during a car accident saturday m
Dec 5, 2012 3:00am PST
to come to an agreement on the debt ceiling or -- and on the fiscal cliff? forget it. >> it was remarkable to see how this happened yesterday. i will read from john stanton's twitter feed our friend from business feed. i was there -- buzzfeed. his presence could push it over the edge. dole was there watching them vote. after he left the floor, he said the republicans very quietly got up, didn't vote from their desk. they got up quietly walked up to vote. he said that was remarkable because nobody wants that video in a commercial of them voting against bob dole, against people with disabilities. >> yeah, senator moran now, i forget his first name from texas who, i'm sorry from kansas jerry moran of kansas. i think he has the bob dole seat. he put out a press release with john mccain praising the treaty when it was first brought to the senate. he voted against it yesterday. these guys are courts and mean and they don't care. they don't care about the disabled either. my point is, again, this is the gang that the president has got to do bu
Dec 8, 2012 11:00am PST
report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. but in many homes across america, it ee's a very, very l time. >> the goose is getting fat. haven't heard that before. that was speaker john boehner and house minority leader nancy pelosi. they're reacting to yesterday's jobs numbers and the looming fiscal cliff crisis with neither side eager to budge or make concessions. the big question, can they come to an agreement before time runs out or will they take huge risks by cliff diving on december 31st. congressman allison schwartz is a ranking member on the house budget committee which will of course play a crucial role in these fiscal cliff negotiations. she has come in for us on a saturday afternoon. we do appreciate your time. >> good to be here. >> thanks for being here. there's a possibility of some major changes to entitlement spending by the end of these fiscal
Dec 6, 2012 8:00pm PST
. >>> "outfront" next. just 26 days until the fiscal cliff, and a new idea is born. it comes from an unexpected source, howard dean. does the former vermont governor's plan add up? plus, a former u.s. navy sailor charged with attempted espy naj tonight. the alleged benefactor was russia. the war on drugs? have we lost it? let's go "outfront." good evening. a bright idea brought to us by the liberal former governor of vermont, howard dean. the man who brought us the scream heard round the world when he ran for president. yeah! >> dean says let's face it, america. taxes need to go up for everyone. now, this might not be what you expect from someone like howard dean. it's certainly not the president's position or the position of most americans. another new poll out today shows most people like the president's ideas of only raising taxes on other people, specifically the top 2%. individuals making over $200,000 a year or families making over $250,000 a year. the problem is according to the congressional research service, the math doesn't add up. that tax hike would give $678 billion in additional r
Dec 6, 2012 11:00pm PST >>> "outfront" next, just 25 days until the fiscal cliff and a new idea is born. it comes from an unexpected source. howard dean, does the former vermont's governor's plan add up? plus, a sailor charged with espionage and the war on drugs. we lost it. sir richard branson is "outfront." let's go "outfront." good evening, everyone. i'm erin burnett. "outfront" tonight, a bright idea. brought to us by the liberal former governor of vermont, howard dean. a man who brought us the scream heard around the world when reran for president. dean says let's face it, america, tacks need to go up for everyone. now, this might not be what you expect from someone like howard dean. it's certainly not the president's position or the position of most americans. another new poll out today shows that most people like the president's idea of only raising taxes on other people. specifically, the top 2%. the problem is according to the congressional research service, the math doesn't add up. that tax hike would only give $678 billion in additional revenue over ten years, now, remember, we're $16 trillion in the deb
Dec 6, 2012 3:00am PST
going off the fiscal cliff. one more good hour coming up. stay with us. >> announcer: this is the "bill press show." [ ♪ theme ♪ ] >> bill: good morning friends and neighbors. what do you say? good to see you this morning welcome to the "full court press" here on current tv. coming to you live across this great land of ours. on current tv. and bringing you the news of the day. not only that, giving. >> chance to talk about it. sound off at 1-866-55-press. that is our toll free number and good news, good news, as of yesterday, the recreational use of marijuana is now legal in the states of colorado and washington states but be careful! because also yesterday the department of justice announced -- reminded us all that marijuana is still illegal under federal law and the department of justice says they will continue to enforce the federal law even in colorado and washington. big mistake. the people have spoken! all right. we'll get your take on that and a whole lot more. but first, we take time out
Dec 11, 2012 3:00am PST
speaker boehner is facing some intense pressure, not just when it comes to the fiscal cliff, but also over his ability to remain head of the house. several members of the g.o.p. have already hinted that they will not vote to re-elect him. just yesterday the conservative interest group american majority action endorsed georgia representative tom price to replace boehner. the group is launching a lobbying effort, trying to get more rank and file republicans on board with that vote. for now, boehner is not in any danger and a spokesman says price will not challenge him but house members can vote for anyone they choose come january 3rd. >>> when it does come to the fiscal cliff, both boehner and obama say they want more specifics. the president is promising $400 billion in reduced entitlement costs but boehner's office wants more details on what exactly those will be. and boehner is claiming he will increase tax revenue by limiting deductions and loopholes but has still failed to specify exactly which ones. at a michi
Dec 10, 2012 3:00am PST
-to-face meeting over the fiscal cliff. >>> also this half hour, hopes and prayers for nelson mandela. the human rights hero is in a south africa hospital this morning. >>> also coming up, new hope in the fight against alzheimer's disease, experimental surgery to implant a kind of pacemaker for the brain is showing early success. >> an interesting one. >> yes. >>> later, daytime smack down, wendy williams lets loose with some harsh words about beyonce. what the talk show host is saying about the singer coming up in "the skinny." >> that's never going to go well. talking badly about beyonce. a bad move. >> going after beyonce is a tough one. >>> new signs of progress in efforts to avoid the fiscal cliff after a closed door meeting at the white house. >> more republicans are coming forward to say that the richest americans should pay more in taxes. here is abc's david kerley. >> reporter: for the first time in more than three weeks, a face-to-face meeting at the white house, but no cameras as the president sat down with speaker john boehner. no details are being offered which some will see as good
Dec 6, 2012 6:00am EST
will indeed go over the cliff. >> they say good things come to those who wait except maybe in the case of the fiscal cliff. timothy geithner said the administration will absolutely take the leap. but some say both sides could wait till january to get down to business without any big economic consequences. the expiration of the bush tax cuts forcing tax rates higher on 90% of americans won't be felt right away. some economists actually call this the fiscal float instead of the cliff because the impact would be felt gradually. however, "the wall street journal" reports others sharply disagree. they argue that quickly undoing the damage double from the cliff dive would have big consequences. some possible ways here. it could prompt sell-offs on wall street. we've already seen those. it could also further dampen consumer confidence in washington. we saw that during the debate last year over raising the federal debt ceiling. >>> looking overseas, it's interesting to get a read on how other countries are perceiving the fiscal cliff fight on capitol hill. the"the washington post" ran through
FOX News
Dec 9, 2012 4:00pm PST
boehner met at the white house to discuss efforts to resolve the fiscal cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with the latest on this breaking story, ed, they kept this under wraps. how big after deal is this? >> good evening, harris, there's not a deal yesterdt. but it's significant it's almost a month since speaker boehner and the president sat down at the white house. that's ever significance, there's been scattered phone calls and one plan the president put on the table, quickly rejected by the republicans and speaker boehner put a counter offer on the table and the white house dismissed that one so much so it's not really a real plan and that t
Dec 5, 2012 6:00am PST
. the fight over the fiscal cliff shows no signs of easing. coming up at the top of the hour we're expecting to hear from house speak er john boehner and house republicans, who have been meeting this morning. they're not happy with the negotiations. president obama says no deal will be reached without higher taxes on the wealthy. >> a new twist in the case of internet mogul john mcafee, millionaire on the run from police in belize, who want to question mcafee about the shooting of a man, but say mcafee is not a suspect. >>> typhoon kills 274 people in the philippines. it destroyed homes. it left washed out road, downed power lines and lots of damage. >>> dr. phil's stolen '57 chevy has been found. the chevy belair in los angeles while investigating stolen cars. targeting repair shops and making off with the cars. dr. phil's chevy has minor body damage butto otherwise is in good condition. >>> tradition in south carolina was way too much for one giraffe. it was all caught on camera. ooh, melman the giraffe started shaking and jumping up and down at a tree lighting ceremony. in the end, the gi
Dec 6, 2012 7:00am PST
any more agreements with the u.s. until those prisoners are transferred. >>> well, the fiscal cliff is looming unless congress takes action to avoid it. coming up at 7:15, the number of california defense department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm s
Dec 10, 2012 7:00am PST
earners. that will continue to put pressure on house republicans to achieve a fiscal cliff deal in the coming days. speaker boehner has made it clear to the white house and his own republicans in the house he wants a deal no later than this saturday. >> major garrett, thank you. in an interview on friday, i asked general electric chairman and ceo jeff immelt for his thoughts on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got to get this done now. not there are people who write and go on news shows and say we can let it lapse two weeks. that is specifically not true. we need this to get resolved now. not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one comm
Dec 5, 2012 2:00am PST
with a look at what's coming up on "starting point." >> we'll talk about the fiscal cliff, the president's demand wealthy americans pay more in taxes. is he willing to compromise with republicans? we'll talk to stephanie cutter the deputy campaign manager from the re-election campaign. also we'll talk to republican congressman from texas jim hensarling. a horrifying moment ends up on the cover of "the new york post." look at the picture of the man in the shot moments later who would be killed, crushed by that train. was "the post" wrong to publish this picture? teachers should they have to ta take tests before they practice teaching like doctors and lawyers? a recommendation in a new report from comes from the american federation of teachers. we'll talk about that with the president of that organization randy weingarten. >> passing the bar, like an attorney passes the bar, should teachers have to pass the bar. >> that's how they explain it. it is like a bar for teachers. >> see you soon. >> 27 days until we fall off the fiscal cliff and neither side seems any closer to coming to a deal.
Dec 12, 2012 9:00am EST
to be an arrangement made between the president and speaker boehner on our fiscal cliff that's coming up in just a few weeks. i know that all of us want to see that happen. i think that each of us knows that the very best thing that can happen for the economy in new york or tennessee or anyplace is for us to get this behind us and for businesses to begin this next year knowing that congress and the white house have worked out an arrangement to put this fiscal issue in the rearview mirror. i know that we're moving hopefully -- hopefully what we'd like to do is move not just beyond the fiscal cliff but have a fiscal reform bill in place that's in the $4 trillion, $4.5 trillion range, so that he he -- we can at least for a period of time put this issue in the rearview mirror. madam president, i want to tell you i'm hopeful that that will occur. i know there have been a lot of discussions in our caucus and your caucus about that happening. on the other hand, madam president, it's my understanding that these negotiations really aren't moving along very rapidly. we only have a few weeks left in this year. i
Dec 5, 2012 1:00pm PST
in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree with you. we need a tax reform. why not resolve this one issue, make sure taxes don't increase for 98% of the americans, 100% of americans for their first $250,000 a year. let them have that, and then move on to tax reform and some of the other issues. >> i think it's important not to confuse a quick fix with a real fix. we could increase the top 2% their tax rates to 100% and it would cover 91 days worth of spending. it doe
FOX News
Dec 6, 2012 4:00pm PST
now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and other changes could head it off. >> based on all of that, do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those stats, i believe we have significantly decreased the chance of having a bailout at the end of 2013 or having to draw on the treasury. i'm not going to assign a possibility at this -- probabilt this point. >> thinks the fha could end up tapping the treasury short-term for several billion dollars next year. shepard. >> shepard: when next year, pete, do we know. >> the devil rays session it will signal intentions on possible treasury funding for the fha when it releases budget for 2014 in february and will actually make a final decision on all of this next september. shepard? >> shepard: peter barnes on capitol hill, thanks. the man investigators unleashing terror inside a crowded colorado m
Dec 9, 2012 10:00pm EST
speaker john boehner who met today to discuss the fiscal cliff. could good news be on the horizon? those stories are coming up when the news at 10:00 continues. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> a year ago tonight a brentwood family's dream for their son came to
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